The latest Bask Bank promotions, bonuses, and offers are available here.
They currently offer frequent American Airlines travelers a chance to earn up to 1,000 American Airlines AAdvantage Miles when you sign up for a Savings Account and meet the qualifications.
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About Bask Bank Promotions
Bask Bank was the first online-only savings bank in the U.S. through Texas Capital Bank. Launched in 1999, they provide a variety of saving as well as earn! Additionally, they are offering Savings rates, CD rates as well as bank bonuses for you to take advantage of.
- Availability: Nationwide Online
- Credit Inquiry: Soft Pull
- ChexSystem: Unknown
- Credit Card Funding: None
Find more bank promotions here! You can checkout offers from Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
I’ll review the current Bask Bank Promotions below.
Bask Bank 1,000 AAdvantage Bonus Miles
Bask Bank 1,000 AAdvantage Bonus Miles
For a limited time, you can refer a friend and earn up to 1,000 AAdvantage® bonus miles.
- What you’ll get: 1,000 AAdvantage® bonus miles
- Account Type: Bask Savings Account
- Availability: Nationwide
(Offer expires June 30, 2022)
| You can compare this to several great entry level Checking accounts with bonus offers include the Citi Priority Account (Up to $1500 Cash Bonus), Chase Total Checking® ($200 bonus), Discover Cash Back Debit (up to $360 Bonus), U.S. Bank Checking (up to $400 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus). |
How to Earn Bonus
- Earn an initial 1,000 AAdvantage bonus miles by holding a minimum balance of $5,000 for 90 days within 120 days of opening an account.
- Bask Bank is offering 1,000 AAdvantage® miles for customers that
- (i) have not previously opened a Bask Savings Account;
- (ii) meet Bask Bank’s qualifications to open an account;
- (iii) complete the online account opening process between January 1, 2022 and June 30, 2022;
- (iv) fund the account within thirty (30) days following the initial account opening;
- (v) maintain a minimum daily account balance of $5,000 for ninety (90) consecutive days out of the first one hundred and twenty (120) days following the initial account opening; and
- (vi) provide Bask Bank with an AAdvantage® account number in the same name as the subject Bask Savings Account.
- Bask Bank will award the Account Opening Bonus miles within ten (10) Business Days once all of the conditions of this offer have been met.
- AAdvantage® miles may take 6-8 weeks to post to the linked AAdvantage® account.
- This offer is limited to one Account Opening Bonus Award for each customer.
- Customers that have previously opened a Bask Savings Account, whether the account is still open or if it has been closed, are not eligible for this Bonus Miles offer.
- The value of this bonus/offer will be reported to the IRS and the recipient is responsible for any federal, state or local taxes on this offer.
Bottom Line
All in all, the current Bask Bank promotions might seem confusing and daunting at first. However, this is a fantastic offer on those who value American Airlines AAdvantage Miles. Not only does the promotion trigger a soft pull, but the offer is far superior to any other promotions like it!
However, you do need to pay taxes on miles earned through bank accounts.
Additionally, feel free to leave a comment below informing us about your experience with Bask Bank.
*Check back for updated Bask Bank promotions, bonuses and offers.
If 76,000 miles are earned, at $0.42/mile, that means that $31,920? are added to my income for tax purposes – is that correct? That seems like a huge impact on my personal taxes. Am I missing something? Thanks.
Sorry – I mis-read the value – it is $0.0042/mile (0.42 CENTS/mile). Thanks.
.0042 is 4.2 cents not 42 cents a mile